While one network forked with Segwit (Bitcoin), the other network forked with a higher blocksize capacity to be peer to peer money for the world (Bitcoin Cash).ģ) Why can’t Lightning Network solve Bitcoin’s problem? It has been 6 years since the Lightning Network started and if you had been fooled the last 6 years and still believe that Lightning Network is the answer, then congratulations your 7th year is coming up next.
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That’s why many of us ended up in this subreddit and are Bitcoin Cash supporters.Ģ) Why Bitcoin Cash uses Bitcoin in the name? Both Bitcoin and Bitcoin Cash are forks of the original Bitcoin software and are entitled to the name. Mind you, all these started even before the creation of Bitcoin Cash. They also get harassed and attacked by online paid trolls. It was around this time that Blockstream started using.ġe) Plus a bunch of other unethical stuff if you care to read more at Īnyone who dares to promote increasing the blocksize or favorably on Bitcoin Cash, they get banned and their voices silenced in the Bitcoin subreddit. During the blocksize debate, many people including miners were in favor of increasing the blocksize capacity of the network. There are some common questions that I will address in this thread.ġ) Why is Bitcoin Cash using the BTC subreddit instead of BCH? If you have to ask this question, there is a good chance you are new to Bitcoin. Bitcoin Cash is peer to peer money for the world. And when that happens, Bitcoin Cash will be moving towards handling global Visa/Mastercard transactions volume. It will take some time for the testing to be completed before these improvements are migrated to mainnet for Bitcoin Cash but it will happen. This is great for Bitcoin Cash because developers are already proving that 256MB blocks are possible (while Bitcoin is forever stucked at 1MB capacity). Source: īased on that fact, Bitcoin will not be peer to peer money for the world. You may even have to wait days or weeks for your transaction to confirm.
During peak periods, it can cost $50 or $80 to send a single transaction.
We already know a simple fact Bitcoin is not scalable.
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